Maco Corp. is a real estate development firm and regularly engages real estate brokers to act on its behalf in acquiring parcels of land. The brokers are authorized to enter into such contracts, but are instructed to do so in their own names without disclosing Maco's identity or Maco's relationship to the transaction. If a broker enters into a contract with a seller on Maco's behalf:

Group of answer choices

the broker will not be personally bound by the contract because the broker has express authority to act.

Maco will not be liable for the intentional torts of the broker committed while acting on Maco's behalf.

the broker will be held liable on contracts he$/$she signs without disclosing Maco as the principal.

Maco will be bound by the contract because of the broker's apparent authority.